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Real Estate
Subject: Southern Bahamas Resort for sale

Posted by: Jeremy
Host: firewall.batelnet.bs
IP #: 206.48.0.60
E-mail: <cobuspres@hotmail.com>
Date Posted: March 10, 2005 at 21:08:36
Subject: Southern Bahamas Resort for sale

Message:

Well established 3,000 acre development with mid-sized vacation resort hotel,
active vacation/retirement village.
Airport with Port of Entry/airline/commuter service.
Full service Marina.
Land sales/development company/ construction division, and other great
amenities.
The site covers an area from the Atlantic Ocean to the Exuma Bank, the body of
water separating Long Island and the Exuma Cays.
Because of the rolling nature of the land, it has a high proportion of
superior quality single family home-sites, offering magnificent views of the
sea.
This "one off" investment opportunity is situated in the upper region of the
Southern Bahamas, 145 miles southeast of Nassau. The island is approx. 80
miles in length, with an average width of about 2 miles. Population - around
4,000 people. Primary occupations are agriculture and fishing, but many small
businesses have sprung up throughout the island. Due to its southeasterly
location, the island has a pleasant, mild climate and because of its narrow
width, relatively high elevation and ideal position straddling the Tropic of
Cancer, residents enjoy tropical trade breezes. Rainfall amounts to a healthy
50 inches per year.
The owners of the development are now considering all feasible options of
planning for its (perhaps) "final" future. After more than thirty years of
steadily developing and improving, a point has been reached when a new
platform needs to be established, from which to address today's land marketing
topics. For this project to now achieve its full potential, significant
additional input of capital and professional talent is needed. Accordingly,
the owners have decided to investigate the following possibilities
Bring on board a financial partner who can provide the equity and talent
needed.
Sell off various portions in order to enhance both subsequent, next-party
developments thereof and assist with more effectively concentrating in the
remaining operations: Resort, $10,350,000
Marina, $ 5,900,000
Estates (Land development, lots/sites, raw land, airport, water field,
electricity distribution) $29,500,000
$45,750,000 (Can be sold in whole or part)
Package price $37 million
High Elevation
Spectacular coastline and sea views
Resort with bar, restaurant, swimming pools and beaches
Active vacation/retirement village
Individual project sites available from $2 million
Final master plan foresees added development concepts
Inland Resort Marinas - Canal Village - Golf - Theme Resorts
Land sales and development company including a construction division
International Airport
Full Service Marina
Other amenities
Successful going concern
Lots of potential
Possibility of license being made available for first class casino, subject to
appropriate conditions being met.

Price: $37 million

Note: The "Hotel Encouragement Act" exempts promoters of approved hotel
developments from any and all taxes on hotel earnings for 20 years, and from
real property taxes for 10 years. Approved projects are not required to pay
duty on items imported to build or refurbish a hotel or resort property.

Email me at cobuspres@hotmail.com for additional details and pictures